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$219,900

  • For Sale
  • Active
  • Condo / Townhouse
  • 2 Beds
  • 1 Full Bath
  • 982 Sq. Ft.
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Welcome to Gulf Terrace! This charming condo offers the perfect blend of comfort, convenience, and investment potential. Located less than a mile from Big Kahuna's Water Park, this property is ideal for a vacation home, rental, or primary residence.Enjoy serene lake views right from your living room, creating a peaceful backdrop for your morning coffee or evening relaxation. This unit is move-in ready and fully furnished, featuring a 2018 HVAC unit, 2024 water heater, a newer stove, and a washer and dryer for added convenience.Gulf Terrace is a gated community offering fantastic amenities including a sparkling pool, tennis courts, clubhouse, and plenty of green space for your pets -- yes, this complex is pet-friendly!Best of all, Gulf Terrace allows short-term rentals, making this an excellent opportunity for investors looking to maximize rental income in a prime Destin location. Conveniently close to the beach, dining, shopping, and entertainment, this condo offers the full Destin lifestyle at an incredible value. Schedule your showing today and make this beautiful condo yours!

Full Property Details for 4000 Gulf Terrace Dr #257

General

  • Price: $219,900
  • Status: Active
  • Type: Condo /Townhouse
  • Source: Emerald_Coast
  • MLS ID: 986605
  • Updated: 11/25/2025
  • Added to Site: 134 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Full Bathroom, Kitchen, Living Room, Master Bedroom
  • Interior Features: Floor Tile, Floor Vinyl, Floor WW Carpet, Furnished - All, Owner's Closet, Washer/Dryer Hookup, Window Treatmnt Some, Woodwork Stained
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Stove/Oven Electric, Washer

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Living Room: Living Room
  • Kitchen: Kitchen

Additional Information

  • Shared Amenities: BBQ Pit/Grill, Community Room, Dumpster, Gated Community, Laundry, Pavillion/Gazebo, Pets Allowed, Pickle Ball, Picnic Area, Short Term Rental - Allowed, Tennis, TV Cable, Waterfront
  • Pool: Yes

Exterior

  • Exterior Features: Balcony

Location

  • Area: 14 - Destin
  • County: Okaloosa
  • Subdivision: Gulf Terrace Condo
  • Driving Directions: On Highway 98. Across the street from Sundestin. On the North side of Hwy 98 next to the Waffle House. Call for gate code. Building 15 unit 257.

School Information

  • Elementary School: Destin
  • Middle School: Destin
  • High School: Destin

Heating & Cooling

  • Heating/Cooling: AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, Water Heater - Elect

Utilities

  • Utility Description: Electric, Public Sewer, Public Water, TV Cable

Structural Information

  • Construction: Block, Frame, Roof Metal, Siding Vinyl, Slab, Stucco, Trim Vinyl
  • Stories/Levels: 0
  • Stories in Building: 2
  • Square Feet: 982
  • Sq. Ft. Source: County PA Records
  • Year Built: 1973

Unit Information

  • Units in Building: 8

Water Features

  • Water Front Type: Lake

Financial Considerations

  • Assessment Amount: $722
  • Assmt Payment Freq: Monthly
  • Terms: Conventional, Owner

Disclosures and Reports

  • Legal Description: GULF TERRACE TWO UNIT 257
  • Assessment: Yes
  • APN: 00-2S-22-1095-0000-0257

Listed by ERA American Real Estate

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Listing agent

— 4000 Gulf Terrace Dr #257 —

  • ERA American Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 4000 Gulf Terrace Dr #257 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/25/2025
Price Reduced
$219,900
-2.27%
MLS
10/01/2025
Listed
$225,000
95.65%
MLS
9/20/2019
Sold
$115,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4000 Gulf Terrace Dr #257

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,147
3%
$225,000
-2%
2024
$2,089
3%
$230,000
—
2023
$2,035
53%
$230,000
99%
2021
$1,327
-17%
$115,500
-28%
2022
$1,597
20%
$160,000
78%
2021
$1,327
23%
$90,000
6%
2019
$1,076
9%
$84,700
10%
2018
$989
4%
$77,000
5%
2017
$954
1%
$73,000
—
2016
$948
8%
$73,000
11%
2015
$874
5%
$66,000
6%
2014
$831
6%
$62,000
7%
2013
$784
—
$58,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 4000 Gulf Terrace Dr #257

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by ERA American Real Estate

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4000 Gulf Terrace Drive #257, Destin, FL 32541 (MLS# 986605) is a Condo / Townhouse property with 2 bedrooms and 1 full bathroom. 4000 Gulf Terrace Drive #257 is currently listed for $219,900 and was received on October 01, 2025. Want to learn more about 4000 Gulf Terrace Drive #257? Do you have questions about finding other Condo / Townhouse real estate for sale in Destin? You can browse all Destin real estate or contact a Coldwell Banker agent to request more information.

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